PARIS, Dec 9 (Reuters) – Airbus (AIR.PA) significantly increased its deployment on Thursday as part of a dispute with Qatar Airways over skin defects in A350 airliners, accusing the Gulf airline of presenting the issue as a safety issue and calling for independent legal advice. The aircraft manufacturer will pay fines in France, Britain and the United States, removing a legal obstacle while it competes with rival Boeing. Airbus has acknowledged that such problems tend to affect carbon composite aircraft, but says it is not a safety issue. Qatar Airways says it can`t be sure it`s a safety issue until Airbus provides a fuller explanation. While our Code of Conduct is a useful starting point, it cannot answer all questions and is not sufficient to ensure that Airbus meets the myriad of legal requirements that apply to its business. For this reason, we have been working in recent years to develop an ethics and compliance program focused on three main risk areas: business ethics and anti-corruption compliance, export compliance and data protection compliance. 1 This call for tenders is not intended to be a complete or accurate summary of claims and shall not be construed as legal advice. For readability reasons, we have omitted the citations, but the warning is based on three main source documents. The judicial agreement of general interest between PNF and Airbus SE, Cour d`appel de Paris, PNF-16 159 000 839 (29.
January 2020); the FSO`s statement of facts pursuant to section 5(1) of Schedule 17 to the Crime and Courts Act, 2013, in Regina v. Airbus L.P., Crown Court of Southwark, Case No. U20200108; and criminal information filed by the U.S. Department of Justice in the U.S. against Airbus S.E., U.S. District Court for the District of Columbia, Case No. 1:20-CR-0021 (January 28, 2020). DUBAI, May 31 (Reuters) – Qatar Airways is ready to maintain its legal dispute with Airbus (AIR.PA) over protective skin deficiencies of A350 wide-body aircraft until trial, the Gulf airline said on Tuesday.
For example, Airbus reportedly paid a total of $50 million to sponsor a racing team owned by two executives of a Malaysian airline. Although Airbus got its name on the race cars, the SFO found evidence that these sponsorships were in exchange for airline executives who signed the airline`s purchase of Airbus aircraft. In addition, it appears that Airbus has struggled internally to justify the value received for these expensive endorsement contracts. While it is certainly legitimate for airlines to sponsor sports teams as a legitimate means of marketing and market penetration, companies must properly screen the team and its owners to identify potential corruption or ethical issues. All employees are encouraged to express their views, defend their opinions, and report unacceptable behavior – especially behavior that violates our Code of Conduct. Employees can raise their concerns with their supervisor, HR partner, legal and compliance representative or via Airbus` OpenLine hotline (www.airbusopenline.com). The basis of integrity at Airbus is our Code of Conduct (CoC). The Code is designed to guide day-to-day conduct and help employees resolve the most common ethical and compliance issues they may encounter. Airbus will pay $4 billion in fines to settle a lengthy global corruption investigation, a French court said Friday, lifting a legal cloud over the world`s largest aircraft manufacturer as it seeks to stay ahead of rival Boeing after the grounding of Boeing`s 737 Max plane. The information contained in this disclaimer is intended for the general education and knowledge of our readers.
It is not intended for this purpose and should not be used as the sole source of information in the analysis and resolution of a legal problem. In addition, the laws of each jurisdiction are different and constantly evolving. If you have specific questions about a particular situation, please contact a competent legal advisor. The lawsuit brought by Airbus falls under a contractual clause that allows for arbitration, Mhun said. It appears that Airbus` initial notice (i.e. voluntary disclosure) to the FSO was triggered by concerns raised by an export credit agency (ECA) during the review of a sale-leaseback transaction of aircraft ordered from Airbus by a Sri Lankan airline (in which an anonymous leasing company held a stake). The Court required the disclosure of all representatives or consultants involved in the purchase of the aircraft. The Court expressed concern that the consultant was in a third country and had little experience in the field of aviation, and ultimately discovered that the consultant in Brunei was in fact a company owned by the wife of a senior official of a Sri Lankan airline.
In fact, Airbus had entered into the consulting contract, in which it agreed to pay the consultant more than $16 million in commissions, and had reached an agreement on the concerns of Airbus` compliance staff. Similarly, in the costs of payments made indirectly to executives of an Indian airline, an Indian bank repeatedly questioned the source of funds paid to a Bermuda company owned by the wife of an Indian airline executive. Our goal is to be recognized as a company with «integrity within» – the integrity of its employees, partners and suppliers. More broadly, business ethics at Airbus also covers other areas such as conflicts of interest, anti-competitive behaviour, insider trading, fraud, etc., while complementing Airbus` corporate responsibility programme, which focuses on managing the social and environmental impact of Airbus` operations. Each of these areas, in turn, is supported by dedicated compliance policies and a team responsible for implementing them, as well as identifying and proposing new measures to adapt to an ever-changing regulatory landscape. Airbus has a corporate sponsorship, donation and membership policy that applies to all employees. The policy provides for mandatory registration for all projects, regardless of their values and approval requirements, through ethics and compliance for projects that go beyond certain financial values or when «red flags» of ethics and compliance are identified.
